About this Course
4.3
256 ratings
56 reviews
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Beginner Level

Beginner Level

Hours to complete

Approx. 11 hours to complete

Suggested: 10 hours/week...
Available languages

English

Subtitles: English...

Skills you will gain

Open BankingFinancial TechnologyCrowdfundingPeer-To-Peer Lending
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Beginner Level

Beginner Level

Hours to complete

Approx. 11 hours to complete

Suggested: 10 hours/week...
Available languages

English

Subtitles: English...

Syllabus - What you will learn from this course

Week
1
Hours to complete
14 minutes to complete

FinTech and the Transformation in Financial Services

The FinTech revolution is rapidly transforming the financial industry. The use of digital technologies is the norm, and together with regulatory and market changes it is creating a revolution. To begin, we recommend taking a few minutes to explore the course site. A good place to start is the navigation bar on the left. Click 'Course Content' to see what material we will cover each week, as well preview the assignments you will need to complete. Click 'Discussions' to see forums where you can discuss the course material with fellow students taking the class. Be sure to introduce yourself to everyone in the 'Meet and Greet' forum! This course should take four weeks to complete. You can check out the recommended course schedule below to see a quick overview of the lessons and assignments you will complete each week. After completion of the course, you'll be able to: describe the changes that influence the financial sector, understand the complexity of the payment infrastructure, identify and explain the key payment instruments and how they function, understand the types of money that exits, and recognize changes in the regulatory frameworks and how they inhibit or promote innovation....
Reading
1 video (Total 3 min), 1 reading
Video1 video
Reading1 reading
Prerequisites for taking the course6m
Hours to complete
3 hours to complete

FinTech essentials

In this module, we begin exploring FinTech. We start off by get to know Fintech, by looking into six different FinTech domains, followed by FinTech as an area of investments. Then we dig into the technologies of FinTech, before we look at the regulatory changes that transforms the industry. After completion of the module, you will be able to: summarize the domains of FinTech; describe the FinTech market and make arguments for what the sector is emerging; outline the Financial technologies and how the are transforming the market; give examples of how regulations influence the FinTech market...
Reading
5 videos (Total 18 min), 13 readings, 8 quizzes
Video5 videos
The domains of FinTech6m
Fintech investments2m
Fintech Technologies1m
Regulatory Changes6m
Reading13 readings
Disclaimer4m
The Global Fintech Landscape8m
Investments in FinTech9m
The Business of Payments9m
Cloud Computing12m
Blockchain13m
Roboadvisor9m
Introduction to the readings1m
KYC (Know Your Customer)10m
SEPA (Single Euro Payments Area)10m
PSD2 (Payment Service Directive 2)10m
Data protection (eIDAS)10m
White washing, Laundering, and Anti-Terrorist10m
Quiz8 practice exercises
The domains of FinTech4m
Fintech market quiz4m
FinTech technology quiz6m
KYC quiz2m
SEPA quiz2m
PSD2 quiz4m
White washing question2m
FinTech22m
Week
2
Hours to complete
3 hours to complete

Money and payments

At the heart of the Fintech revolution you will find money and payments. It makes the world go around. In this module, we will learn about money and its history, difference between central bank money and bank money, different payment instruments, and finally how payment instruments are used in contemporary payment methods....
Reading
5 videos (Total 21 min), 12 readings, 5 quizzes
Video5 videos
History of money5m
Money4m
Payment instruments5m
Contemporary Payment Methods4m
Reading12 readings
A World Dependent On Money6m
What is Money5m
Creation of Money9m
Cryptocurrencies8m
Cashless Society10m
Payment Cards10m
Account Transfers10m
M-Pesa9m
MobilePay11m
Apple Pay2m
Payment Solutions the Merchant Option10m
Contactless Payments10m
Quiz5 practice exercises
Trust money2m
Money quiz6m
Payment quiz8m
Mobile Payments quiz8m
Money Makes the World go Around26m
Week
3
Hours to complete
2 hours to complete

Payment systems

Money has several roles, including a medium of exchange, i.e. as a payment. In this module, we focus on the complex digital platforms or eco-systems that surrounds payments. We this from four different perspectives or level of analysis, including bank level, national level, and cross border level. However, first we shall look into the payment process....
Reading
5 videos (Total 15 min), 6 readings, 4 quizzes
Video5 videos
Payment process3m
Bank payment systems3m
Interbank processing4m
Correspondent banking2m
Reading6 readings
How Should You Pay!10m
Payment Systems9m
Interbanking in USA and Europe12m
SWIFT Network8m
Western Union2m
Herstatt Risk7m
Quiz4 practice exercises
Payment process4m
Interbank quiz4m
Cross border payments8m
Pain of paying20m
Week
4
Hours to complete
2 hours to complete

Lending and crowdfunding

The digital transformation is radically transforming the financial services as we used to know them and new areas and domains emerge. In this module, we are focusing on three areas. First, we look at P2P lending, then crowdfunding, before we conclude with open banking. ...
Reading
3 videos (Total 6 min), 8 readings, 6 quizzes
Video3 videos
P2P Lending2m
Crowdfunding2m
Reading8 readings
Detailed Analysis: P2P Lending Platforms5m
The future of P2P lending8m
Crowd Business5m
Saving Butterfly5m
Introduction to the readings10m
Banking in the Future11m
13 Predictions for Banking8m
Open Banking15m
Quiz6 practice exercises
P2P lending quiz2m
Crowdfunding quiz6m
Future quiz4m
13 directions for the future2m
Open banking quiz2m
Alternative Financing20m
4.3
56 ReviewsChevron Right
Career direction

33%

started a new career after completing these courses
Career Benefit

83%

got a tangible career benefit from this course

Top Reviews

By KBMay 17th 2018

The course gave a great insight on importance and utility of Technology in Financial Services and how FinTech is the future for all.

By DSApr 4th 2018

I really enjoyed the course material, especially the final week where P2P Lending and Crowdfunding was extensively covered.

Instructors

Avatar

Jonas Hedman

Associate Professor
Department of Digitalization
Avatar

Stefan Henningsson

Associate Professor
Department of Digitalization

About Copenhagen Business School

Centrally located in Copenhagen, the capital of Denmark, Copenhagen Business School (CBS) is one of the largest business schools in Europe with close to 23,000 students. CBS offers world-class research-based degree programs at undergraduate, graduate, and PhD levels as well as executive and other post experience programs. ...

About the Digital Transformation in Financial Services Specialization

This Specialization is intended for learners that have or wants to have a career in the digital financial industries. The Specialization explores the evolving world of finance, focusing on the changing dynamics caused by the conversion of products and services into digital goods, new customer demands and changing regulation to govern the competetive landscape - the digital transformation of finance. You’ll learn about concepts such as digital platforms and business ecosystems, be exposed to the emerging Fintech landscape and master a new toolbox for successfully competing on innovation in the digital era of finance. In the final Capstone Project, you’ll create and defend a holistic digital transformation strategy for a real world company. Throughout the course, the instructors will use state of art examples and share their own research from the European and North American finance industries, as well as expose practices from leading digital financial services and companies, such as MobilePay, Saxo Bank and PayPal. The main focus in the course is on the financial sector (in particular in North America and Europe), but the course also include material of relevance for the financial trading and insurance sectors and inspiration from Africa....
Digital Transformation in Financial Services

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

More questions? Visit the Learner Help Center.